On January 1, 2016, Crammer Inc. issues five-year bonds with a total face amount of $1,000,000 and a stated rate of 10%. The bonds were issued at 96 on January 1, 2016. Interest is paid semiannually on June 30 and December 31.

How much was the premium or the discount

Amount of the semi-annual interest payment

Amount of premium or discount that will be amortized each interest payment period using straight-line amortization.

Amount of semi-annual interest expense

Give the journal entry to record the issuance of the bonds on January 1, 2016.

Give the journal entry when the first interest payment is made on June 30, 2016 using straight-line amortization.

What is the balance in the Premium or Discount account after the June 30, 2016 entry

What is the carrying value of the bonds after the June 30, 2016 entry?

Give the journal entry to record the repayment of the bond at maturity on January 1, 2021, after all interest has been paid.